Saptak Chem & Business Reports Decline in Financial Performance, Receives 'Sell' Rating from MarketsMOJO

May 30 2024 06:00 PM IST
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Saptak Chem & Business, a microcap fertilizer company, reported a flat performance in the quarter ending March 2024 with a score of -3 compared to 0 in the previous quarter. The company's operating profit and PBT were at their lowest in the last five quarters, indicating a negative trend. MarketsMojo has given a 'Sell' call for the company's stock.

Saptak Chem & Business, a microcap company in the fertilizer industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Saptak Chem & has shown a flat performance in the quarter, with a score of -3 compared to 0 in the previous quarter. This indicates a decline in the company's financial performance in the last three months.

The company's operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -0.03 crore. This shows a negative trend in the near term for the company's operating profit. Similarly, the profit before tax less other income (PBT) was also at its lowest in the last five quarters, at Rs -0.03 crore. This indicates a negative trend in the near term for the company's PBT.

The earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, at Rs -0.03. This shows a decline in profitability for the company and lower earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Saptak Chem & stock. Investors should carefully consider these factors before making any investment decisions.
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